Arbitrum's New Long Term Incentive Pilot Program | Castle Cap, JoJo the Cow, frisson & Cattin0x

🦞Want to Support Leviathan? Use our Referral links: ————————————————— 🎯 CVI | https://cvi.finance/#/?ref=leviathan_news 🦗 Grass | https://cvi.finance/#/?ref=leviathan_news 📐 Vertex | https://app.vertexprotocol.com/?referral=3Yznlglxbb 🤵 Alfred | https://t.me/AlfredTradesBot?start=PYEaQRV 🔱 KelpDao | https://kelpdao.xyz/restake/?utm_source=0x81f9B40Dee106a4C5822aED7641D5C1e2B40F92 Summary The conversation discusses the Long-Term Incentive Pilot Program (LTIPP) in Arbitrum and its differences from the Short-Term Incentive Program (STIP). The challenges of the STIP are highlighted, including the burden on delegates and the need for streamlining the application process. The creation of the council and advisors is explained, with their roles in reviewing proposals and providing feedback. The political aspect of crypto governance is explored, with a focus on the influence of existing connections and the need for proactive engagement. The conversation also touches on the sustainability and future of incentive programs. The conversation explores the importance of protocol rewards and the value of different opinions in the Arbitrum ecosystem. It discusses the need for sustainability and competition in the ecosystem, highlighting the lessons that can be learned from the RPGF and LTIPP programs. The conversation also delves into the cultural differences between Arbitrum and Optimism and the unique approach to on-chain governance in Arbitrum. It concludes with insights on building on Arbitrum and approaching the newly elected advisors, emphasizing the importance of communication and proactive dialogue. Takeaways The LTIPP is an ongoing incentive program in Arbitrum that aims to distribute tens of millions of ARB over a quarterly basis to projects building on Arbitrum and attract new users. The STIP faced challenges in terms of the effort required from both projects and delegates, leading to the creation of the council and advisors to streamline the process. The advisors play a role in reviewing proposals, providing feedback, and helping projects improve their requests, while the council approves the proposals and oversees the distribution of incentives. The political aspect of crypto governance is present, and while existing connections can provide credibility, new protocols can gain prominence through their contributions and proactive engagement with the community. The LTIPP differs from the STIP in terms of allocation of funds, feedback mechanisms, and the inclusion of research grants and retroactive backfunding. The sustainability and future of incentive programs should be considered, with a focus on long-term impact and the need for continuous evaluation and improvement. Protocol rewards play a crucial role in incentivizing projects and attracting builders to the Arbitrum ecosystem. Sustainability and competition are essential for the long-term success of the ecosystem. Learning from previous programs like RPGF and LTIPP can help improve future funding initiatives. Cultural differences between Arbitrum and Optimism shape their approaches to governance and funding. On-chain governance in Arbitrum provides delegates with direct power and sets it apart from other DAOs. Building on Arbitrum requires approaching the advisors and seeking their expertise and guidance. Effective communication and proactive dialogue are key to successful governance and community engagement. Long-term alignment with the ecosystem and its values is crucial for the advisors and builders on Arbitrum.